Boom-Bust Implications for Property Versus Land Value Taxation: A National Analysis Using Micro Data

Project: Research project

Project Details

Description

Boom-Bust Implications for Property Versus Land Value Taxation: A National Analysis Using Micro Data Boom-Bust Implications for Property Versus Land Value Taxation: A National Analysis Using Micro Data Boom-bust cycles in the housing market produce waves in property tax revenue. The recent experience in Arizona (and several other states) illustrates the significance of these revenue waves for local public finance and the operation of state programs (including funding of state universities). Adjustments to the property tax schedule offer the potential to reduce the risk of extreme shortfalls in revenue during future boom-bust cycles. This research project will investigate how moving from the current property value tax to a land value tax would affect fluctuations in state and local tax revenue during a future boombust cycle in the housing market. We expect the results to be especially relevant for Arizona and other states that have experienced rapid growth in the housing market in recent years.
StatusFinished
Effective start/end date1/5/1012/31/10

Funding

  • Lincoln Institute of Land Policy: $15,000.00

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